Precision BioSciences (FRA:PBS0) Interest Expense : €-2.11 Mil (TTM As of Mar. 2024)

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What is Precision BioSciences Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Precision BioSciences's interest expense for the three months ended in Mar. 2024 was € -0.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2.11 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Precision BioSciences's Operating Income for the three months ended in Mar. 2024 was € -3.85 Mil. Precision BioSciences's Interest Expense for the three months ended in Mar. 2024 was € -0.53 Mil. Precision BioSciences did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Precision BioSciences Interest Expense Historical Data

The historical data trend for Precision BioSciences's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Precision BioSciences Interest Expense Chart

Precision BioSciences Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.16

-0.12

-1.05

-2.05

Precision BioSciences Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.49	-0.51	-0.54	-0.53	-0.53

Precision BioSciences Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.11 Mil.

Precision BioSciences (FRA:PBS0) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Precision BioSciences's Interest Expense for the three months ended in Mar. 2024 was €-0.53 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-3.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €6.82 Mil.

Precision BioSciences's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Precision BioSciences did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Precision BioSciences (FRA:PBS0) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Precision BioSciences Inc (FRA:PBS0) » Definitions » Interest Expense

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DTIL:USA

Address

302 East Pettigrew Street, Dibrell Building, Suite A-100, Durham, NC, USA, 27701

Website

https://www.precisionbiosciences.com

Precision BioSciences Inc is a genome editing company dedicated to improving life through its genome editing platform, ARCUS. It leverages ARCUS in the development of its product candidates, which are designed to treat human diseases and provide food and agricultural solutions. ARCUS is also unique in its relatively small size which potentially allows delivery to a wider range of cells and tissues using viral and non-viral gene delivery methods.

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